Netmarble Buys SpinX for $2.2 Billion: Biggest Ever Overseas M&A Deal by a Korean Game Company
Netmarble Corporation (251270 KS) announced today after the market close that it has agreed to purchase a 100% stake of a Hong-Kong based game...
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Krafton IPO - Assumptions and Valuation
Krafton Inc (259960 KS) is looking to raise up to US3.8bn in its South Korea IPO. In this note, we will share our thoughts on assumptions and...
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Initial Thoughts on the Krafton IPO Valuation
Our base case valuation of Krafton is an implied market cap of 24.1 trillion won or 465,055 won per share. Given the lack of upside relative to the...
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Krafton IPO - 9 Major Risks
We discuss the 9 major risks (excluding valuation issues) for Krafton. Overall, we believe these significant risk factors could result in much...
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International Games System: An Undervalued Online Social Gaming Stock in Taiwan
International Games System (3293 TT) is high growth, social games provider in Taiwan that we believe is undervalued versus leading global social...
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